The incident occurred early this morning when the speeding Audi car allegedly hit Munusamy, a carpenter, before speeding off, police said.
The victim was waiting to cross the road when the car hit him, throwing him in the air under the impact, they said, adding, he died on the spot.
However, the woman did not stop and sped away. Members of the public gave chase and managed to stop the car at some distance from the accident spot, they said.
She was later remanded to judicial custody, while the car has also been impounded, they added.
Munusamy is survived by his wife and two children.